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Netflix Is Reportedly Preparing to Lay Off 5% Of Workforce Amid Growth Slowdown
Stocktwits ·
Stocktwits reports: Netflix Inc. (NFLX) is preparing to lay off about 5% of its global workforce as early as next week, according to a report by media newsletter Puck. A representative for the streaming giant declined to comment on the reported job reductions. Based on regulatory filings from late last year, Netflix employed roughly 16,000 full-time staff members, with approximately 68% located in the United States. A 5% reduction would affect around 800 employees across the organization.…